Office Building with Medical
For Sale
$1,500,000
323 W Cypress Street, Kissimmee, FL 34741
Corner office property with multiple suites, clinical rooms, separate metering, and flexible occupancy options near two hospitals.
Property Size4,551 SF
Price / SF$324.68
Days on Market103
Property Features for 323 W Cypress Street
General Information
Standard status
Active
Size
4,551 SF
Total Parking Spaces
19
Property subtype
Commercial
Zoning
T4-O
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Additional Details
Office Units
3
Building Details
Year Built
1982
Buildings
1
Building Size
4,551 SF
Tenancy
Multi
Listing Agency:
EAST PARK REALTY LLC
Listed By:
Racquel Schroeder · License #3041375
(321) 624-5780
Source:
Realtygroupfl
Added: Jun 29
Changed: Oct 8
Last Checked: Oct 7 at 1:58PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of EAST PARK REALTY LLC
Investment Insights
Based on property information with market context.
This office building at 323–327 W. Cypress Street contains three addressable units within one structure, with separate electric and water meters for each unit. The interior includes approximately 26 rooms configured as exam rooms, private offices, and clinic areas, along with 6 restrooms, a dedicated waiting room, and multiple reception and lobby spaces. A new roof is scheduled for 2026, and the site includes 19 parking spaces, including handicap spaces, plus building-mounted signage.
The property sits on a corner lot one block from Hwy 192 and between two hospitals. T4-O zoning conditionally permits office and medical/professional office use, while the MU-V Future Land Use designation supports continued use and identifies longer-term redevelopment potential subject to City approval. Unit 323 is occupied under a month-to-month lease; units 325 and 327 are vacant. The latter two suites have separate exterior entrances and an interior connecting door, allowing combined or independent operation.
The property sits on a corner lot one block from Hwy 192 and between two hospitals. T4-O zoning conditionally permits office and medical/professional office use, while the MU-V Future Land Use designation supports continued use and identifies longer-term redevelopment potential subject to City approval. Unit 323 is occupied under a month-to-month lease; units 325 and 327 are vacant. The latter two suites have separate exterior entrances and an interior connecting door, allowing combined or independent operation.
Key Highlights
- Three addressable office units under one roof with separate electric and water meters
- Approximately 26 rooms, including exam rooms, private offices, and clinic areas
- 6 restrooms, a dedicated waiting room, and multiple reception or lobby areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$69,023
Cap Rate
4.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,380,460
$1.4M
Cap Rate 7%
$986,043
$986.0K
Cap Rate 9%
$766,922
$766.9K
Market Conditions
NOI Build-Up for 4,620 SF
Gross rent
$110.9K $24.00/SF
− Vacancy
−$18.8K −$4.08/SF
EGI
$92.0K $19.92/SF
− OpEx
−$23.0K −$4.98/SF
NOI
$69.0K $14.94/SF
Area
Osceola County, FL
Vacancy
17.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,380,460
Cap Rate 7%
$986,043
Cap Rate 9%
$766,922
Alternative Uses
Best Use
Office B
$986.0K
$862.8K – $1.15M
NOI $69,023 @ 7.0% cap · market cap 4.60%
Second Best
Healthcare Medical
$940.9K
$823.3K – $1.10M
NOI $65,863 @ 7.0% cap · market cap 4.39%
Theoretical Best
Specialty Retail
$1.43M
$1.25M – $1.67M
NOI $100,000 @ 7.0% cap · market cap 6.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Office units
Multi-tenant
Tenancy
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,948
Businesses Nearby
Explore this area
Business Placement
Demographics for 34741, FL
56,454
Population
22,043
Households
2.6
Avg Household Size
35
Median Age
28%
College-Educated
87%
High-School Grad
15.0 sq mi
ZIP Area
3,764
Density / Sq Mi
$50,278
Median Household Income
$30,415
Median Earnings
$1,591
Median Rent
$270,200
Median Home Value
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office building - Corner office property with multiple suites, clinical rooms, separate metering, and flexible occupancy options near two hospitals.
Where is this office building located?
The property is located at 323 W Cypress Street Kissimmee, FL.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Three addressable office units under one roof with separate electric and water meters; Approximately 26 rooms, including exam rooms, private offices, and clinic areas; 6 restrooms, a dedicated waiting room, and multiple reception or lobby areas
